Ireland's deficit fourth worst in the world, table

[Bi ciuin]

[SIZE=2]Ireland has one of the worst deficits as a percentage of GDP in the world, according to OECD figures. Only Iceland the UK and Greece have higher deficits. [/SIZE]

Published: 10:00AM GMT 19 Feb 2010



Deficit as a % of GDP
Iceland
15.7
Greece
12.7
Britain
12.6
Ireland
12.2
United States
11.2
Spain
9.6
France
8.2
Japan
7.4
Portugal
6.7
Canada
4.8
Australia
4
Germany
3.2

* Figures from OCED forecast in November 2009.


Britain's deficit third worst in the world, table - Telegraph


That corner we turned seems to have led us right back to the start.

[absconded]

Lies, damned lies and statistics... It's far worse than that

[Marcos the black]

Hey, where's petervalhala to tell us that that's wrong..., after all the EU has endorsed and praised what FF are doing......

[dalywise]

True. Doesn't include NAMA.

[fiannafailure]

Bloody brits are beating us again eh

[charley]

what is it in euro rather than gdp,

[MrFunkyBoogaloo]

"We are on the road to Recovery!"

"Vote Yes for Jobs", "Vote Yes for Recovery"

And that figure in the OP (for Ireland) is fixed btw!

[Cassandra Syndrome]

what is it in euro rather than gdp,

Yeah its GDP for the nations currency. The deficit refers to General Government Deficit rather than our own Budget Deficit. The bank capitalisations of 11 Billion Euro 7 Billion of which is not included in General Government.

If we were to add in the bank capitalisations our Budget deficit as a percentage to GNP (rather than GDP) is between 18 and 19%, the worlds largest.

[Gadjodilo]

Portugal's figure is out of date. It should be 9.3%. Also, I think we should be 11.6%. Still leaves us 4th.

[dalywise]

in reality it's much worse for us. Our GDP figures have always been a fiction. Reduce it by at least 15% to have comparability with other countries. So our debt level is probably the worst in the World in pure economic common sense terms. Add in the NAMA funding, and we'll be way out in front.

the 2 greatest mistakes in 20th century Ireland: the 1977 and 1997 General Elections.